Essex Property Trust Earnings: Strength in Northern California Drives Solid NOI Growth
Essex Property Trust reported core funds from operations of $4.00 per share and same-store net operating income growth of 3.1% for the third quarter.
Essex Property Trust Inc ESS
Bulls Say, Bears Say
Bulls
Essex’s portfolio benefits from strong job and income growth and limited supply growth in its attractive West Coast markets.
Bears
The pandemic has made millennials consider alternatives to urban apartments, including suburban apartments and single-family homeownership. This demographic has put off many major adult milestones but may finally be making the shift toward the suburbs.
News
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Essex Announces Third Quarter 2026 Results and Raises Full-Year 2026 Guidance
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Essex Announces Release and Conference Call Dates for Its Third Quarter 2026 Earnings
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Essex Property Trust to Present at The Bank of America Global Real Estate Conference 2026
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Essex Property Trust Declares Quarterly Distributions
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The options market is signaling further gains for the S&P 500, but one indicator is flashing a warning
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How to use options to trade stocks around an -2-
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How to use options to trade stocks around an earnings announcement
Trading Information
- Previous Close Price
- $264.90
- Day Range
- $267.08–271.41
- 52-Week Range
- $238.51–303.32
- Bid/Ask
- $269.98 / $270.53
- Shares Outstanding
- 64.34M
- Market Cap
- $17.43B
- Volume/Avg
- 99,746 / 515,570
Key Statistics
- Price/Earnings (Normalized)
- 51.25
- Price/Sales
- 8.76
- Dividend Yield (Trailing)
- 3.90%
- Dividend Yield (Forward)
- 3.91%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 3.91%
Company Profile
Essex Property Trust owns a portfolio of 258 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
- Sector
- Real Estate
- Industry
- REIT - Residential
- Stock Style Box
- Mid Core
- Total Number of Employees
- 1,689
Competitors
Valuation
|
Metric
|
ESS
|
VMRK
|
|---|---|---|
Price/Earnings (Normalized) | 51.25 | 35.98 |
Price/Book Value | 3.22 | 2.04 |
Price/Sales | 8.76 | 7.98 |
Price/Cash Flow | 16.50 | 15.02 |
Price/Earnings
ESS
VMRK
Financial Strength
|
Metric
|
ESS
|
VMRK
|
|---|---|---|
Quick Ratio | 0.50 | 0.05 |
Current Ratio | 0.52 | 0.14 |
Interest Coverage | 2.35 | 4.64 |
Quick Ratio
ESS
VMRK
Profitability
|
Metric
|
ESS
|
VMRK
|
|---|---|---|
Return on Assets (Normalized) | 2.72% | 3.60% |
Return on Equity (Normalized) | 6.51% | 6.73% |
Return on Invested Capital (Normalized) | 4.35% | 4.66% |
Return on Assets
ESS
VMRK
REIT - Residential Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Vivmark Residential
VMRK
| LOCK|s^LJ?!r | LOCK|X<M | $48B | |||
| Invitation Homes Inc
INVH
| LOCK|rk#P#V& | LOCK|>W | $15B | |||
| Sun Communities Inc
SUI
| LOCK|!xhdfF | LOCK|KQ | $14B | |||
| Mid-America Apartment Communities Inc
MAA
| — | LOCK|!? | $14B | |||
| Equity Lifestyle Properties Inc
ELS
| LOCK|GXKJq!^ | LOCK|gx | $12B | |||
| Camden Property Trust
CPT
| — | LOCK|!y | $12B | |||
| UDR Inc
UDR
| — | LOCK|n>c | $11B | |||
| American Homes 4 Rent Class A
AMH
| — | LOCK|gL | $11B | |||
| Janus Living Inc Ordinary Shares - Class A-1
JAN
| — | LOCK|Kk^ | $9B |
United States